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MEA & Pakistan Brake Pad Market to Surpass USD3769 Million through 2026 | TechSci Research

11-22-2021 12:34 PM CET | Tourism, Cars, Traffic

Press release from: TechSci Research LLC

MEA & Pakistan Brake Pad Market - TechSci Research

MEA & Pakistan Brake Pad Market - TechSci Research

Increasing demand for the sales of commercial vehicles and growing consumer awareness is expected to drive the demand of the MEA & Pakistan Brake Pad market for the forecast period.

According to TechSci Research report, “MEA & Pakistan Brake Pad Market By Vehicle Type (Passenger Car, Light Commercial Vehicle), By Country, Competition Forecast & Opportunities, 2026”, the MEA & Pakistan Brake Pad market stood at USD2,656.71 million in 2020 and it is expected to be valued at USD3,769.52 million in 2026, advancing with a CAGR of 5.64% in the forecast period, 2022-2026. Brake pads are a component of disc brakes and are made up of materials that contain a high co-efficient of friction.

The low-noise characteristic and the presence of a stable co-efficient of friction increases the vehicle performance. These are used in automotive and other applications. Upon using a brake pad, the system requires fewer efforts for controlling the vehicle speed, therefore, generating minimal vibrations and sound.

Also, brake pads produce less heat, and it causes lesser damage to the disc, which increases the service life of brake pads. An increase in the initiatives taken by the leading authorities to encourage the expansion of the automotive industry is contributing significantly to the brake pad market growth. The rise in awareness about vehicle safety coupled with the integration of several technologies such as anti-lock braking systems to ensure the safety of consumers is expected to fuel the brake pad market’s growth.

The use of advanced materials such as non-asbestos organic composites and ceramics to enhance the vehicle efficiency over the wide range of temperature is expected to foster the market demand. The growing demand for semi-metallic material segment is due to their ability to provide high sheer and bonding strength in brake systems.

Rapid industrialization in the region is increasing the demand for commercial vehicles and the long distances traveled are surging the wear and tear in vehicles which in turn is influencing the demand of the brake pad market. Automobile manufacturers are focusing on upgrading the existing infrastructure to minimize the occurrence of accidental deaths. The leading authorities of MEA & Pakistan are implementing strict norms and regulations to ensure the safety of pedestrians and to reduce the stopping distance of the vehicle which in turn is accelerating the MEA & Pakistan brake pad market growth.

Increase in the sales of high-speed vehicles is influencing the demand of brake pad as it is required to be integrated into all light vehicles. The increase in the number of commercial vehicles and the transportation industry is creating the demand to manufacture brake pads with low maintenance and high temperature withstanding capabilities.

However, the complexity in designing advanced brake pad systems may restrain the MEA & Pakistan brake pad market growth for the forecast period.

Browse 59 Tables and 74 Figures spread through 138 Pages and an in-depth TOC on "MEA & Pakistan Brake Pad Market”.
https://www.techsciresearch.com/report/mea-and-pakistan-brake-pad-market/7985.html

MEA & Pakistan Brake Pad market is segmented into vehicle type, regional distribution, and company. Based on vehicle type, the market can be bifurcated into passenger car and light commercial vehicle. The passenger car segment is expected to hold a major MEA & Pakistan brake pad market share for the forecast period, 2022-2026. The use of disc brakes is becoming a standard in passenger vehicles and the rise in the number of brake pads required per vehicle is expected to drive the demand for the brake pad.

The rapid urbanization of people in search of better living standards and job opportunities is increasing the sales of passenger vehicles and the improving economic conditions in the region are supporting the passenger car segment’s growth. Availability of financial assistance to consumers to enhance their expenditure capacity to afford the passenger cars and the use of brake pads in automobiles is contributing to the segment’s growth.

Asimco Global Inc. TRW Ltd Aftermarket, MAT Holdings, Inc., Sangsin Brake Co., Ltd., FBK Manufacturing Malaysia Sdn Bhd, Tenneco Inc, AC Delco, Robert Bosch (Pty) Ltd, Safeline Brakes (G.U.D. Holdings), and Alfred Teves Brake Systems (Pty) Ltd, among others are the leading players operating in MEA & Pakistan Brake Pad Market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several brake pad manufacturers are coming up with their technologically advanced offerings.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7985
Customers can also request for 10% free customization on this report.

“Manufacturers are focusing upon the research and development activities to eliminate copper from the brake pad as they disintegrate on continuous usage. The invention of copper-free brake pad material is to make copper-free friction materials to reduce the vehicle emissions released in urban areas. Additionally, the introduction of advanced braking technologies such as electric driven intelligent brakes, autonomous electronic braking, and other systems to revolutionize the brake pad system is anticipated to propel the MEA & Pakistan brake market through 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“MEA & Pakistan Brake Pad Market By Vehicle Type (Passenger Car, Light Commercial Vehicle), By Country, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of MEA & Pakistan Brake Pad market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the MEA & Pakistan Brake Pad market.

Browse Related Reports:
South Africa Brake Pad Market By Vehicle Type (Passenger Car, Light Commercial Vehicle), By Top 5 Part Numbers, By Company, Competition, Forecast & Opportunities, 2025
https://www.techsciresearch.com/report/south-africa-brake-pad-market/5084.html

Middle East Spare Parts Market By Vehicle Type (Passenger Car and Commercial Vehicle) By Component (Tires, Batteries, Brake Components, Others), By Country, Competition, Company Forecast & Opportunities, 2026
https://www.techsciresearch.com/report/middle-east-spare-parts-market/7569.html

About TechSci Research:
TechSci Research is a leading United States market research firm publishing premium market research reports. Serving 700 United States clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies, and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking United States and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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